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Cannacurio #96: 2024 Q1 Licensing Round-Up

Cannacurio #96: 2024 Q1 Licensing Round-Up

2023 was a unique year for cannabis licensing. The industry contraction continued with license counts dropping, fewer new licenses being issued, and Oklahoma’s moratorium finally took effect. This post will explore how things changed during the first quarter of 2024 and what the next few quarters may bring.

Cannacurio #95: Manufacturing 2024 Q1 Leaderboard

Cannacurio #95: Manufacturing 2024 Q1 Leaderboard

In the last of our Q1 license recaps, we turn to manufacturing, the least volatile of the three activities we cover in these quarterly posts - and as we see with other activities, most new licenses were issued by a handful of states.

Cannacurio #94: Cultivation 2024 Q1 Leaderboard

Cannacurio #94: Cultivation 2024 Q1 Leaderboard

Following up on our recent review of dispensaries and retailers, we now delve into the Q1 2024 cultivation licenses. These “census” snapshots derived from our Cannabiz Business Intelligence platform show where new licenses are being created. As a result of moratoriums and market pressures, the rate of adding new cultivation licenses is down in most jurisdictions.

Cannacurio #93: Dispensary and Retailer 2024 Q1 Leaderboard

Cannacurio #93: Dispensary and Retailer 2024 Q1 Leaderboard

Now that Q1 has wrapped up we want to share our quarterly round-up of which states issued the most dispensary/retailer licenses. We tallied 333 new dispensary/retailer licenses were issued in the quarter and New Jersey and Michigan each accounted for about 20% of the 333. In Q1 2023 there were 699 licenses issued.

Cannacurio #92: When & Where Will New Cannabis Licenses Drop?

Cannacurio #92: When & Where Will New Cannabis Licenses Drop?

Since we founded Cannabiz Media, we have often looked back to report on the licenses that had been issued by state, activity and status. In this post we are taking a look forward at jurisdictions that will “likely” be issuing tranches of new licenses in the coming year.

Cannacurio #91: Diving into Cannabis Industry Violations and Recalls

Cannacurio #91: Diving into Cannabis Industry Violations and Recalls

Cannabiz Media has been tracking license violations and product safety recalls as part of its market intelligence platform for nearly a decade. With years of industry data at our fingertips, our research team recently undertook an effort to organize and categorize compliance data into a cohesive, digestible tool: a violations and recalls dashboard. This post dives into that dashboard.

Cannacurio #90: 2023 Yearly Round-Up

Cannacurio #90: 2023 Yearly Round-Up

2023 was a unique year for cannabis licensing. The industry contraction continued with license counts dropping, fewer new licenses being issued, and Oklahoma’s moratorium finally taking effect. In this post, we compare key figures of 2023 with past years.

Cannacurio #89: Manufacturing 2023 Year-End Leaderboard

Cannacurio #89: Manufacturing 2023 Year-End Leaderboard

In the last of our 2023 license recaps, we turn to manufacturing, the least volatile of the three we cover. At the end of 2023, there were 744 new manufacturing licenses issued in 2023, and as we see with other activities, most new licenses were issued by a handful of states.

Cannacurio #88: Cultivation 2023 Year-End Leaderboard

Cannacurio #88: Cultivation 2023 Year-End Leaderboard

Following up on our recent review of dispensaries and retailers, we now delve into cultivation licenses. These “census” snapshots are derived from our Cannabiz Business Intelligence platform where we track new license issuance and where the balance of power is from market to market. Over the last ten years, customers have used this information for go-to-market strategies, competitive assessments, and TAM analyses.

Cannacurio #87: Dispensary and Retailer 2023 Year-End Leaderboard

Cannacurio #87: Dispensary and Retailer 2023 Year-End Leaderboard

Now that 2023 has wrapped up we want to share our annual license round-up of which states issued the most dispensary/retailer licenses as well as trends that affect various parts of the value chain. In 2023 1,695 new dispensary and retailer licenses were issued and 4 states accounted for 60% of these licenses. This is well down from 2,750 in 2022 and 2,602 in 2021.

Cannacurio #86: The Growing Trend of Unionization in the Cannabis Industry

Cannacurio #86: The Growing Trend of Unionization in the Cannabis Industry

Organized labor is gaining traction within the cannabis space as some prominent union-friendly states also have high-value cannabis markets. We researched state and federal filings and press releases to compile the information on the 828 facilities that have either a union in place or a labor peace agreement.

Cannacurio #85: 2023 Q3 Licensing Round-Up

Cannacurio #85: 2023 Q3 Licensing Round-Up

We have reviewed the new store, cultivation, and manufacturing licenses issued through Q3 in a series of blog posts. In this post, we will highlight the overall trends and share details on license growth and contraction in key states.

Cannacurio #84: Manufacturing 2023 Q3 Leaderboard

Cannacurio #84: Manufacturing 2023 Q3 Leaderboard

Of the three most common cannabis licenses, manufacturing licenses are the least prone to volatile swings. At the end of Q3, there were 6,304 manufacturing licenses in the database at 5,771 facilities.

Cannacurio #83: Cultivation 2023 Q3 Leaderboard

Cannacurio #83: Cultivation 2023 Q3 Leaderboard

Following up on our recent review of dispensaries and retailers, we now delve into cultivation licenses. These “census” snapshots, derived from our Cannabiz Business Intelligence Platform, highlight where new licenses are being issued.

Cannacurio #82: Dispensary and Retailer 2023 Q3 Leaderboard

Cannacurio #82: Dispensary and Retailer 2023 Q3 Leaderboard

Here is our round-up of states that issued dispensary/retailer licenses in the 3rd quarter of 2023. So far this year we added 716 stores in Q1 2023; 471 in Q2 and just 361 in Q3. 5 states accounted for 69% of these Q3 licenses: New Jersey, Michigan, California, New Mexico, and Maine.

Cannacurio #81: 2023 Mid-Year Licensing Round-up

Cannacurio #81: 2023 Mid-Year Licensing Round-up

We have reviewed the new store, cultivation, and manufacturing licenses issued through midyear in a series of blog posts. In this post we will highlight the overall trends and share details on license growth and contraction in key states.

Cannacurio #80: Manufacturing 2023 Q2 Leaderboard

Cannacurio #80: Manufacturing 2023 Q2 Leaderboard

Of the three most common cannabis licenses, manufacturing licenses are the least prone to up or downward swing. There are currently just over 6,153 manufacturing licenses in the Cannabis Market Intelligence Platform at 5,771 facilities. At the end of Q1 we tracked 6,200 licenses at 5,800 facilities.

Cannacurio #79: Cultivation 2023 Q2 Leaderboard

Cannacurio #79: Cultivation 2023 Q2 Leaderboard

Following up on our recent review of dispensaries and retailers, we now delve into cultivation licenses. These “census” snapshots derived from our Cannabiz Business Intelligence platform show where new licenses are being created. 9% fewer cultivation licenses were issued in Q2 versus Q1 and Oklahoma’s numbers dropped drastically as the moratorium took effect.

Cannacurio #78: Dispensary and Retailer 2023 Q2 Leaderboard

Cannacurio #78: Dispensary and Retailer 2023 Q2 Leaderboard

With Q2 2023 in the books we want to share our quarterly round-up of states that issued dispensary/retailer licenses. We ended 2022 with 2,750 licenses, with Q1 2023 adding 699. Q2 saw the addition of 587 – 16% fewer than the preceding quarter.

Cannacurio #77: The Unlicensed Cannabis Market

Cannacurio #77: The Unlicensed Cannabis Market

The US cannabis unlicensed market is estimated to be about $60 billion in sales – or more than twice the licensed market size of about $30 billion. Starting at the end of 2022, Cannabiz Media’s research team sought to find these unlicensed businesses and add them to the database. As the industry’s database of record, it was a gap that we thought needed filling.